Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] Bittwatt - Energy for the 21st Century [@Bountyhive.io]
by
gee777
on 17/05/2018, 15:32:43 UTC
is there any chance of being on major exchanges such as Bittrex? and how much tokens already raised?

I'm sure the team have ambitions on this like most projects no doubt do but it's likely at the start that they wont. These bigger exchanges charge an absolute fortune and it's just not practical for most.

You are right, most times is even best to start from a smaller platform and move to the bigger ones, reason that it has a kind of influence when a project move from small to big, the community will understand that they are serious but that aside, i usually say that big exchanges can't help a bad project, a project with a difference will stand out, no matter the avenue they choose as an exchange

I think the best approach is to use some not so famous exchanges at first time. Trading should begin from small volumes. And then when everybody is sure about reliability of token they can move to bigger exchanges.

It's most of the time also a question of the money a project wants to spend. Do they decide to spend a huge sum of the money they just raised to get listed on a major exchange to please all the 'moon-kiddies' or do they decide to go for smaller, cheaper exchanges, build up some trading volume there and increase the community so that maybe the community can help to get listed on Binance and co. by voting for example.

I think cross exchange at start is fine. But not all people like to have multiple exchange account for trading. So I personally feel that Bittwatt should list at one popular exchange.

In cases like this, I believe the best method to use is to create a poll for community members to vote and then the listing can be done according to the top voted exchanges in a descending other

I don't think it's for the community to decide what exchange it's on.  The team are the ones going to be paying the fees (And the top exchanges charge upto $1mill..) id rather the funds went towards development of the project.

This is my opinion, too. Why spending million(s) on an exchange listing when you could use this money to bring the project forward and there are also much cheaper exchanges.

I agree with you. And if a project is really successful, the expensive Exchanges come towards them. They want as much trading volume as possible. Then a listing certainly costs a lot less. And Bittwatt will be such a project

But at a point in time they will want to get in those top exchanges, being there comes with a certain level of pride. It might not be necessary buy the community will want that.